Post Utme Eksu 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A country's GDP is the sum of the value of all final goods and services produced within its borders. What is the formula for calculating a country's GDP?

Answer Options

Correct Answer A. GDP = C + I + G + \( X - M \)
B. GDP = C + I + G + X
C. GDP = C + I + G + M
D. GDP = C + I + G + \( X + M \)
Correct Answer
A
Correct Option:
GDP = C + I + G + \( X - M \)

About This Question

This is Post Utme Eksu 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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